Q2 2024 Economic Indicator Report

The US job market shows signs of continued growth, and at a slightly quicker pace in the second-quarter compared to Q1 2024. The number of active job listings grew by 1.2% in Q2, reaching 8.59 million jobs. This slower growth might be due to two factors: a slight decrease in average job listing duration (down 3.5%) and a significant increase in the number of removed listings (up 7.8%).

This trend suggests two things: first, that employers might be filling open positions more quickly, and second, that they’re taking down job postings once those positions are filled.

U.S. Job Listings by Month | January 2020 - June 2024

Labor Demand by State

We observed an increase in labor demand across 35 states, indicating continued economic activity and hiring opportunities.

Among these states, five stand out for particularly high labor demand growth:

• Montana: Leading the pack with a significant increase of 17.7%.

• Alabama: ↑ 11.2%.

• Washington: ↑ 7.7%.

• Wyoming: ↑ 7.0%.

• New Jersey: ↑ 6.8%.

% change in active job listings (quarter-over-quarter) | Q2 2024

Download the Q2 2024 US Job Market Data

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